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Forming a Limited Liability Company
You can form an LLC yourself even if you have no formal legal or business training. A limited liability company is the easiest type of business entity to create and requires only five steps: Choose a...
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Delaware LLC vs. Corporation
After discussing the best states to form an LLC last week, I started to get a lot of questions asking about Delaware LLCs. Specially, people wanted to know if there were significant differences between...
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How to Register a Business Name
Small LLC owners sometimes believe they must register their business name separately from registering their LLC. This assumption is a carryover from sole proprietorships, for which a “Doing Business...
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When LLC Owners Can Be Liable
A key benefit of limited liability companies is that the owners (or “members”) receive limited liability; that is, they can usually not be held personally liable for the debts of the LLC. In addition,...
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Limited Liability Company Benefits
Limited liability companies offer several benefits for owners of small businesses. In addition to being easy to form, LLCs do not require much paperwork in your initial filing. A key feature of LLCs is...
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LLC Set-Up Costs
LLC costs are low compared with other types of business entities. This makes the LLC ideal for small business owners who do not yet have a lot of capital to invest in forming their business. Minimizing...
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Can an LLC Have Employees?
Your LLC can always have employees regardless of the number of members or whether your LLC is member-managed or manager-managed. Employees need not be members themselves, though members may be...
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LLP vs. LLC
Deciding between an LLP and LLC can be difficult unless you fully understand the differences between the two entities. There are many similarities between the LLP and LLC, but there are a few key...
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Taxation of Limited Liability Companies
Limited liability company taxation is very formulaic, which allows new LLC owners to more easily predict what their tax liability will be. Llcs have a set of default rules along with several elections...
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The Business Case for Digitizing Your Archive
Most organizations have had a physical document archive that has grown over the years. This includes filing cabinets, bookshelves, archive boxes or Compactus shelving storing a litany of different...
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